Private limited company

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(Querist)
26 September 2014 If a private limited company is to be audited WHOSE TURN OVER IS BELOW 1 CRORE, IT IS NOT LIABLE TO TAX AUDIT

BUT THE FORM 3CD (as its is required in the case of Pvt Ltd. co) asks us to submit the sub section in point Number 8 of the Form No. CD AS TO UNDER WHICH SUB SECTION THE AUDIT REPORT IS TO BE GIVEN.

SO IF THE TURNOVER OF THE COMPNAY IS BELOW ONE CRORE THEN WHAT IS THE SOLUTION.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
26 September 2014 if the turnover is below 44AB limit, then tax audit wont apply to the company. as simple as that.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
01 October 2014 what is confusion? once it is below 1 crore no tax audit is applicable..
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